REPRESENTATIONS AND WARRANTIES OF TWDC AND SPINCO Sample Clauses

REPRESENTATIONS AND WARRANTIES OF TWDC AND SPINCO. Except as set forth in the TWDC/Spinco Disclosure Schedules (regardless of whether or not the relevant Section hereof refers to the TWDC/Spinco Disclosure Schedules) or in the TWDC SEC Documents, TWDC and Spinco hereby represent and warrant to Company (which, in the case of Sections 4.5(b), 4.7(b), 4.9(b), 4.12(b), 4.13(i), 4.14(a), 4.14(b), 4.17(a), 4.17(d), 4.18(a) and 4.18(b), are made after giving effect to the Separation) as follows:
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REPRESENTATIONS AND WARRANTIES OF TWDC AND SPINCO. TWDC and Spinco hereby represent and warrant to the Principal Stockholders that TWDC and Spinco have all requisite corporate power and authority to enter into this Agreement and to consummate the transactions contemplated hereby. This Agreement has been duly authorized, executed and delivered by each of TWDC and Spinco and constitutes a valid and binding obligation of TWDC and Spinco, enforceable against TWDC and Spinco in accordance with its terms, subject to (i) bankruptcy, insolvency, moratorium and other similar laws now or hereafter in effect relating to or affecting creditors’ rights generally, and (ii) general principles of equity (regardless of whether considered in a proceeding at law or in equity). The execution and delivery of this Agreement does not, and the consummation of the transactions contemplated hereby and compliance with the terms hereof will not, conflict with, result in any violation of, or constitute (with or without notice or lapse of time or both) default under, any provisions of the certificate of incorporation or bylaws of TWDC or Spinco or any trust agreement, loan or credit agreement, bond, note, mortgage, indenture, lease or other contract, agreement, obligation, commitment, arrangement, understanding, instrument, permit, concession, franchise or license or any statute, law, ordinance, rule, regulation, judgment, order, notice or decree applicable to TWDC, Spinco or any of their respective property or assets, except for any of the foregoing as would not reasonably be expected to prevent such Stockholder from performing its obligations under this Agreement.
REPRESENTATIONS AND WARRANTIES OF TWDC AND SPINCO. ..23 Section 4.1 Due Organization, Good Standing and Corporate Power...................................23 Section 4.2 Authorization and Validity of Agreement...............................................24

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